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Source: معلومات مباشر
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Alwasail Industrial Company’s third-quarter 2026 profit fell 37.59% to SAR 5.84 million, compared with SAR 9.366 million in the same period last year, despite a 14.38% increase in revenue to SAR 116.73 million. The company attributed the decline in profitability to a 312% increase in provisions for customer credit losses, taken as a precautionary measure in response to geopolitical conditions. In the first nine months of the year, sales fell 11.38% to SAR 288.33 million, while net profit declined 27.27% to SAR 19.06 million.
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